- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Soma Gold Corp.
Silver47 Exploration
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
International Graphite Funding Deal with Comet Resources a Win-Win, Report Says
“Management says the strategic funding transaction will prevent the potential sell down of any of the 40 million International Graphite shares owned by Comet – which delisted from the ASX in January – when they are released from escrow next month,” the report said.
The funding deal included giving International Graphite a majority seat on the Comet board, as IG6 management has called the deal a win-win for shareholders.
Click here to connect with International Graphite (ASX:IG6) for an Investor Presentation.
International Graphite Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
International Graphite
Investor Insight
International Graphite’s mine-to-market strategy, leveraging its compelling graphite resource, places the company in a strategic position to become an important player in the development and expansion of Western Australia’s battery supply chain.
Overview
International Graphite (ASX:IG6) is a front-runner in the global graphite industry and is aiming to be one of the first new graphite producers.
The company’s vision for a complete mine-to-market supply chain in Western Australia leverages the state’s global reputation as a secure, reliable and technically advanced resource jurisdiction.
Primary focus is the production of active anode materials for lithium-ion batteries to address growing global demand and the forecast shortage looming for allied markets, particularly the US, Europe, Korea and Japan.
Since listing on the ASX in 2022, the company has made rapid headway in the development of two major assets – a planned graphite mine at Springdale and downstream processing facilities at Collie.
The company has been awarded AU$13.2 million in grants from Australian state and commonwealth governments in recognition of its significance to the development of Australia’s sovereign battery minerals capability.
Market demand
Market attention worldwide is swinging to graphite which is essential for global decarbonization and fast becoming one of the most politically contested of all the critical battery minerals.
The world now faces a significant graphite shortage and analysts predict the United States alone will have a shortfall of up to 1.2 million metric tons of graphite by 2030.
Graphite is flexible, conductive, heat and corrosion resistant. For decades it has been used to manufacture everything from ceramics and lubricants to plastics and steel.
It is also a major ingredient in batteries of all kinds, making up 95 percent of the active anode in lithium-ion batteries which are the gold standard for electric vehicles, renewable energy storage and advanced medical, defense and aerospace devices.
Of all the components in a lithium-ion battery, the biggest volume is in graphite. It can take 50 to 100 kilograms of graphite to make a single EV battery – up to 10 times more graphite than lithium.
Currently, China supplies over 80 percent of the world’s processed graphite, so its decision to restrict exports to western customers came as a shock in late 2023.
Western nations are scrambling to find alternative supplies to meet existing commitments – and new supplies to meet the shortage of battery materials forecast in the next five years.
With limited graphite sources of its own, and limited prospects in the near term, the US is leading the way, closely followed by Europe, offering unprecedented incentives to fast-track graphite supply from reliable domestic and allied sources.
Company Highlights
- International Graphite (ASX:IG6) is developing a sovereign mine-to-market graphite supply chain in Western Australia, incorporating a graphite mine at Springdale, near Ravensthorpe on the south-coast, and downstream processing facilities in Collie, 200 km south of Perth.
- Primary focus is the production of active anode materials for lithium-ion batteries to address growing demand and a forecast shortage in allied markets, particularly the US, Europe, Korea and Japan.
- The 100 percent owned Springdale Graphite Project is one of the largest in Australia, with a current mineral resource estimate of 49.3 Mt @ 6.5 percent total graphitic content (TGC).
- Now in the final stages of feasibility and permitting, Springdale will host a multi-decade mine and concentrator operation ensuring a secure, reliable feed of graphite concentrates for value-added processing.
- Less than 10 percent of the tenement area and 20 percent of initial geological targets have been drilled indicating enormous potential for future resource expansion.
- In Collie, the company has established Australia’s first graphite R&D and downstream processing facility comprising pilot scale graphite micronizing and spheroidizing and qualification-scale graphite micronizing equipment. The facility has achieved independent ISO 9001 quality assurance certification, the most globally recognized standard for quality management systems.
- Design is well advanced for a commercial-scale micronizing facility that will supply graphite products for manufacturing, consumer electronics, medical devices, Defense and aerospace applications.
- Australian state and commonwealth governments have awarded grants totalling AU$13.2 million to fast-track the business in recognition of its importance to the nation’s critical minerals capability.
- The company has an expert management team, with proven technical credentials, is committed to rigorous environmental, social and quality standards, and has strong government and community support.
Key Projects
Springdale Graphite Project
International Graphite owns 100 percent of the Springdale graphite project in the established mining centre of Hopetoun/Ravensthorpe, on the south coast of Western Australia.
Springdale is one of the largest graphite deposits in Australia and was named Discovery of the Year in the respected 2023 Prospect Awards.
Following an extensive drilling campaign in 2022-23, the resource estimate increased by more than 240 percent to 49.3 Mt @ 6.5 percent total graphitic content (TGC). This is expected to grow in the future as only 10 percent of the tenement area and 20 percent of initial geological targets have been drilled to date.
Springdale is the site of the company’s planned graphite mine which will provide a consistent and reliable feed of graphite concentrates for downstream processing and give the company full control of its supply chain. A scoping study, released in January 2024, showed the planned open pit operation would be globally cost competitive with a long, multi-decade mine life.
Metallurgical testwork on Springdale concentrates, completed by specialist testing laboratories in Australia and overseas, shows the high-grade, fine flake Springdale ore is ideally suited for the production of battery anode material.
The regional community around Springdale relies heavily on the mining sector and has applauded moves to establish a new mine in their area.
International Graphite’s vision for a complete mine-to-market business is designed to achieve maximum value from its Springdale natural graphite resource and is closely aligned with the Australian government's critical minerals strategy and the Western Australian government's vision to establish new world-class industries in Collie.
Collie R&D and Processing Facility
International Graphite’s Collie R&D and Process Facility is a first for Australia and a key link in the company’s mine-to-market strategy.
Backed by an ISO 9001 quality assurance certificate, the most globally recognized standard for quality management systems, the Collie facility is home to pilot scale graphite micronizing and spheroidizing equipment, thermal purification equipment, and a qualification-scale micronizing plant that is currently producing sample products for assessment by potential customers in the battery materials, Defense, plastics, lubricants, and aerospace industries.
As well as being widely used in industrial applications, and a critical conductive additive in battery cathodes, micronized graphite is the first stage in the production of active anode material for lithium-ion batteries.
International Graphite plans to expand micronizing at Collie to commercial scale by 2025 while progressing the design of its advanced battery anode material manufacturing facilities. The plant design will be tailored to process Springdale graphite concentrates.
Located 450 km by road from Springdale, and close to major export ports, the regional township of Collie is the centre of Western Australia’s electricity generating infrastructure.
Top left: Collie R&D and Process Facility. Top right: Micronizing qualification plant.
Bottom left: Qualification plant in operation. Bottom right: Australian Prime Minister Anthony Albanese inspects the Collie facility.
Management Team
Phil Hearse - Chairman
One of Australia’s leading metallurgists and an authority on graphite project development, Phil Hearse founded International Graphite in 2018 and continues to lead the company’s growth and development. An engineer with more than 40 years of experience in diverse and challenging projects around the world, his extensive career has taken him from operational and technical roles at Broken Hill, Bougainville Copper, Queensland Nickel (QNI) and Gove Alumina to senior executive and managerial positions in engineering and operating companies.
Hearse is the owner and managing director of Battery Limits, one of Australia’s leading graphite metallurgy and process engineering firms. The company has assisted many listed public companies to develop bankable feasibility studies for graphite mines and concentrators and has generated significant intellectual property in downstream processing and knowledge of the end use market. Hearse has an MBA from Hull University UK and a Bachelor of Applied Science in primary metallurgy from the University of SA. He is a fellow of the Australasian Institute of Mining and Metallurgy and a fellow of the Australasian Institute of Mining and Metallurgy.
Andrew Worland - Managing Director and Chief Executive Officer
Andrew Worland is a mining executive and experienced ASX/TSX director with over 25 years in senior finance, corporate, project management and marketing roles in the Western Australian mining sector.
Worland's commodity experience includes exploration, development and operations in lead, zinc, nickel, cobalt, gold, iron ore, molybdenum, copper and uranium. He has a Bachelor of Commerce with a major in finance and marketing from the University of Western Australia and is a qualified chartered company secretary and has achieved Fellow of the Governance Institute of Australia.
David Pass - Non-executive Director and Chief Technical Officer
David Pass has played a key role in the technical development of International Graphite since the company’s inception. A metallurgist with 30 years in the mining industry, he brings a mix of operational processing, process design, project, due diligence skills and management experience including mine operations experience with Barrick Gold.
Pass is chief executive officer of Battery Limits and an acknowledged expert in graphite primary and downstream processing and has led several studies in graphite project development to definitive feasibility level. He holds a Bachelor of Science in metallurgy from Murdoch University and is a member of the Australian Institute of Mining and Metallurgy.
Matthew O’Kane - Non-executive Director
Matthew O’Kane is a senior mineral industry executive and company director with 25 years’ experience in the mining, commodities, and automotive sectors. He has held senior leadership roles in Australia, the US and Asia, in both developed and emerging markets, from start-up companies through to MNC’s. He has served on the board of mining companies in Canada, Hong Kong and Australia, and is currently managing director of Comet Resources (ASX:CRL) and a non-executive director of Azarga Uranium (TSX:AZZ) and Pursuit Minerals (ASX:PUR). O’Kane has been a non-executive director of International Graphite since the company was listed in April 2022.
Robert Hodby – Chief Financial Officer and Company Secretary
Robert Hodby is a finance and accounting specialist with more than 20 years’ experience in the Australian resource and energy sector, including seven years as CFO and company secretary of Kibaran Resources(ASX:KNL), the predecessor to Australian graphite company EcoGraf (ASX:EGR). A member of CPA Australia and member of the Governance Institute of Australia, Hodby specializes in the financial management and administration of public and listed companies at both operational and corporate levels. During his career, he has held numerous executive and project management positions as well as CFO, board and company secretarial roles, with a strong track record in corporate finance, capital raising and international product marketing, particularly in the emerging graphite market.
International Graphite Gets AU$4.5 Million Grant for Collie Micronising Facility
International Graphite (ASX:IG6) has secured a AU$4.5 million government grant that will fund the construction of its Collie micronising facility, the company said in a press release on Tuesday (November 12).
The amount will be funded under the Australian Government Critical Minerals Office grant.
“We are excited to be pushing ahead with the construction of the new plant at Collie. Establishing a micronising business in Collie has been an important step in our development plans,” said CEO and Managing Director Andrew Worland.
“It will establish the company as a producer in the graphite industry and build further our technical skills as we progress our Springdale mine to market battery anode material strategy," he added.
Collie will be the first purpose-built commercial graphite micronising plant in Australia.
It will mainly process concentrate from the company’s Springdale graphite project once it is in production.
Recent purification testwork at Springdale achieved a loss on ignition grade of 99.99 percent, which the company said exceeds the published industry benchmarks for anode materials, which is 99.97 percent.
Collie is envisioned to have a capacity of around 10,000 tonnes per year, and is expected to produce 95 percent total graphitic content (TGC) and 99 percent TGC micronised products from Springdale graphite concentrate.
Worland said the facility will “be amongst the most significant global producers of micronised graphite outside of China.”
Previously, the company operated the Collie graphite-processing and R&D facility, which included pilot-scale micronising and spheroidising equipment and a qualification-scale micronising plant.
The facility was opened in 2022 and is now exiting to pave way for the new one.
The implementation schedule and forecast economics for Stage 1 at Collie will be confirmed over the coming months, subject to the completion of a front-end engineering and design study.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
NOVONIX Pens Synthetic Graphite Offtake Deal with Carmaker Stellantis
NOVONIX (ASX:NVX,NASDAQ:NVX) announced on Sunday (November 10) that it has signed a binding offtake agreement with automotive company Stellantis (NYSE:STLA) for synthetic graphite material.
NOVONIX said that starting in 2026, it will provide a minimum of 86,250 tonnes of the material to Stellantis over a period of six years. The maximum amount NOVONIX will provide is 115,000 tonnes.
The high-performance synthetic graphite material will be sent to Stellantis' cell manufacturing partners in North America from NOVONIX's Riverside facility in Tennessee, US, and a planned expansion site.
NOVONIX will use an agreed-upon market-based formula to price the synthetic graphite material.
Stellantis describes itself as one of the world's leading carmakers, and notes on its website that it is aiming for 100 percent of its passenger cars in Europe to be battery electric vehicles by the end of 2030. In the US, its target is for 50 percent of its passenger cars and light-duty trucks to be battery electric vehicles by the same deadline.
It plans to invest more than 50 billion euros in electrification over the course of the decade to meet its goals.
"We are excited to have Stellantis' commitment, now as our largest customer, to support their North American EV growth plans," said NOVONIX CEO Dr. Chris Burns. "This contract allocates the remainder of our available volumes at our Riverside facility and a portion of volumes to be produced at our planned greenfield facility."
He added that the company's agreement with Stellantis accelerates the adoption of clean energy and solidifies NOVONIX's position as a leader in onshoring the synthetic graphite supply chain.
Located in Tennessee, the Riverside facility is owned by NOVONIX and is slated to become the first large-scale production site for high-performance synthetic graphite in North America. NOVONIX was previously awarded a US$100 million grant from an office of the US Department of Energy, and also received a US$103 million investment tax credit.
The facility plans to grow output to 20,000 tonnes per year. Commercial production is set to begin in 2025.
NOVONIX will also be building a new production facility in the Southeastern US with an initial capacity of 30,000 tonnes per year, expandable to 75,000 tonnes per year. The company is currently in discussions with the Department of Energy's Loan Program Office for a loan that would support the construction of this new facility.
Looking forward, NOVONIX must meet final mass production qualifications and certain compliance criteria.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Lincoln Releases Kookaburra PFS, Outlines Plan to Become Newest Australian Graphite Miner
Lincoln Minerals (ASX:LML) moved closer to its goal of becoming Australia's newest graphite miner with the release of a prefeasibility study (PFS) for its Kookaburra project in South Australia.
The company shared the results on time, saying in September that the PFS was expected this month.
The study outlines two stages of development, and is designed to bring Kookaburra online at a low cost.
According to Lincoln, Stage 1 involves the sale of 10,000 tonnes of graphite concentrate per year, while a Stage 2 expansion in year three will bring graphite concentrate sales to 60,000 tonnes on an annual basis.
“Our staged approach to development will ... provide the necessary cashflow to assist with funding the subsequent larger scale and longer life Stage 2 production," explained CEO Jonathon Trewartha.
The staggered approach is geared at lowering risks, and will allow Lincoln to develop an initial base of customers. The company has observed that buyers are increasingly seeking graphite sources outside of China.
The startup capital requirement for Kookaburra is set at AU$29 million, and its mine life is estimated at 16 years. The asset has a pre-tax net present value of AU$114 million at a 10 percent discount, and a pre-tax internal rate of return of 41 percent. The payback period stands at 2.4 years from the start of Stage 2 and 4.4 years from the start of Stage 1.
The production target underpinning the financial forecasts included in Lincoln's PFS is supported by 11 percent measured resources, 43 percent indicated resources and 46 percent inferred resources.
Kookaburra is located 40 kilometres north of Port Lincoln on the Eyre Peninsula, and is currently Lincoln's main focus.
The company said in this week's release that the next steps for the project include the release of a bankable feasibility study. Lincoln will also pursue government critical minerals incentives programs, as well as approvals, offtake and sales agreements and potential opportunities with strategic partners and investors.
A Stage 1 final investment decision is expected at the end of 2026, with first production in 2027.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement
E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a second tranche of the private placement previously announced on September 24, 2024 (the "Private Placement").
An aggregate of 3,950,000 units (the " Units") of the Company were issued in this tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $197,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").
Net proceeds from the Offering will be used by the Company for general working capital purposes.
The Company paid finders' fee to Pieter Danielsson, who received a cash commission of $8,000. In addition, he received 160,000 broker warrants, with each broker warrant entitling its holder thereof to purchase one common share of the Company at a price of $0.10 and expiring in 24 months.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The securities offered pursuant to the Offering are subject to certain trade restrictions pursuant to applicable securities laws.
About E-Power Resources Inc.
E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at info@e-powerresources.com.
On Behalf of the Company
James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are "forward-looking statements". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE has not reviewed, approved, or disapproved the contents of this news release.
Click here to connect with E-Power Resources Inc (CSE: EPR), to receive an Investor Presentation
Quarterly Activities Report September 2024
Our vision: International Graphite is developing as Western Australia’s first vertically integrated producer of graphite products for global industrial, manufacturing, technology and battery markets.
Highlights
- Australian Prime Minister Anthony Albanese tours Collie Graphite Processing & R&D Facility
- Collie Graphite Processing & R&D Facility achieves certification to ISO9001: 2015
- Spectacular assay results from diamond drilling at Central1 and Mason Bay2 deposits with intercepts of up to:
- 11.0m @ 14.3% Total Graphitic Carbon (TGC) from 10.4m downhole, including 1.0m @ 21.3% TGC from 13.0m and 3.1m @ 26.5% TGC from 16.0m downhole (SGDD0014)
- 11.1m @ 16.9% Total Graphitic Carbon (TGC) from 23.1m downhole (SGDD0021)
- 13.4m @ 19.2% TGC from 35.3m downhole, including 2.9m @ 31.4% TGC from 38.8m downhole (SGDD0021)
- Latest battery anode testwork further evidences the suitability of Springdale concentrates for active anode material returning yield up to 76% and purity of 99.99% LOI.
International Graphite continues to rapidly advance as Western Australia’s first fully integrated mine-to- market producer of graphite products to meet global demand for battery anode material (BAM) and a wide range of industrial, manufacturing and technology applications.
The Company owns 100% of the Springdale Graphite Project, near Hopetoun, and has established the Collie Graphite Processing & R&D Facility that includes a pilot scale graphite micronising and spheroidising plant and customer qualification scale micronising plant. This is the first stage in the Company’s plans to establish comprehensive downstream graphite processing including BAM facilities in Collie.
Springdale Graphite Project
The Springdale Graphite Project is a mineral resource of global significance for the high growth lithium-ion battery market and industrial, defence and manufacturing sectors.
During the quarter, spectacular assay results were received from a ten-hole PQ diamond drilling program at the Central and Mason Bay deposits. The assays showed more high grade, thick, near surface intercepts of graphite mineralisation. The program focussed on geotechnical drilling, to inform mine planning and permitting, and to provide metallurgical data for concentrator plant process design.
These findings reinforce that Springdale has the key attributes needed for a low-cost mining operation, namely shallow overall deposit depth, requiring limited drill and blast, good grades, oxidised material for processing, single product lines – and all in a tier one mining jurisdiction.
With only 25% of Springdale’s identified targets drilled to date, and much of the tenement area unexplored, the project offers expansive potential for future mineral resource growth.
Click here for the full ASX Release
This article includes content from International Graphite, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Report September 2024
This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Latest News
International Graphite Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.